Here is a list of "fees" on the Excellent Faith Estimate from Wachovia
Interest Rate is 5.500% (6.191% APR)
0801 Loan Origination Fee: 46.53
0803 Appraisal Fee 0.00
0804 Credit Report Fee
0812 Flood Certification
0818 Application Fee
0901 Interm Interest .54
0902 FHA PMI 31.43
1003 City Property Tax 8 (3 payments)
1101 Settlement Fee 0
1103 Title Examination 0
1108 Title Insurance 5
1201 Recording Fee 0 (includes deed/mortgage)
1301 Survey 5
1311 Free Form From MPOS 0
Total Settlement Charges 12.50
The title company sent me a letter with the following (ill type in CAPS to distinguish the difference)
INSURANCE PREMIUM: REISSUE
OWNER’S POLICY: 8
LOAN POLICY:
CHARGES:
EXAMINATION OF TITLE: .00
MUNICIPAL LEIN SEARCH .00
PATRIOT NAME SEARCH VS BUYER:
UPPER COURT VS BORROWER:
TRANSACTION MGMT PLATFORM:
CORPORATE STATUS VS SELLER
TOTAL: 3
SETTLEMENT FEE (NOT INCLUDED IN TOTAL)
INSURED CLOSING LETTER: .00
FLOOD CERTIFICATION: .00
TIDELANDS SEARCH: .00
DRAFTING OF METES: .00
ENDORSEMENTS (25 PER ENDORSEMENT)
ENVIRONMENTAL ENDORSEMENT
LENDER’S SURVEY
ALTA 9-06 RESTRICTIONS
ALTA 4.1-06 CONDO ENDORSEMENT
ALTA 6-06 VARIABLE RATE
ALTA 22 LOCATION
ALTA 5.1-06 PUD
SURVEY
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Is the GFA estimate accurate? Some items are listed in the GFA and then relisted in the estimate from the title company (do I need to pay twice?)
If it’s not listed, do i need to pay those fees? If there are items not listed, please let me know so I can question my lender (Wachovia) if I am responsible for them.
Thanks
Thanks you for your help
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